OREANDA-NEWS. March 20, 2013. The decline in the gross value added in agriculture in January, -September, 2012 and in Q4, 2012 became the determinant for the decrease in GDP, taking into account a considerable share of the agricultural gross value added in GDP of Moldova.

Disregarding influence of agriculture, GDP quantum index would make 102.3% as compared with 2011 and 102.7% as compared with Q4, 2012. In Q4, 2012 GDP was 22445 mln leis expressed in current market prices and decreased 2.5% expressed in comparable prices as compared with Q4, 2011.

 The gross value added created in the service sector decreased 10.7% as compared with 2011 and aversively impacted GDP quantum index by 2.8%. The decline was determined by the 23.3% decrease in the gross value added in agriculture and fishery which makes 10.9% in GDP of Moldova. In Q4, 2012 as compared with Q4, 2011, gross value added in agriculture fell 29.2% to 13% of GDP. Gross value added in the industrial sector exceeded 0.5% the level of 2011. The commodities sector contributed 24.9% in GDP in 2012 against 26,.3% in 2011. The gross value added created in the service sector increased 3% as compared with 2011 and contributed 1.8% to GDP quantum index.

The greatest growth of the gross value added was recorded in wholesale and retail trade and car service where it equalled to 4.2%; in transport and communication (2.8%); in the area other services (2.6%) and in construction (1.7%). In 2012 the gross value added created in service industry contributed to GDP 60.6% against 58.9% in 2011. Receipts from taxes on foods to the national public budget exceeded 0.6% the level of 2011 and contributed 0.1% to the GDP quantum index.

The share of food taxes in GDP made up 17% in 2012 against 17.5% in 2011. In 2012 domestic demand ( final consumption and gross capital formation) increased by 0.2% as compared with 2011 chiefly thanks to the 1.0% growth in final household consumption. Gross capital formation grew 0.4% as compared with 2011 and made up 23.4% in GDP.

Export and import of goods and services grew 2.3% and 2.5% respectively as compared with 2011. According to NBS, last year GDP of Moldova soared 74.8% as compared with 2000 and 24.1% as compared with 2005.